Zacks Investment Research cut shares of GAIN Capital Holdings, Inc. (NYSE:GCAP) from a buy rating to a sell rating in a research note published on Tuesday morning.

According to Zacks, “institutional foreign exchange, trading and related services providing direct access to the global OTC foreign exchange markets, where participants trade directly with one another. Its trading platforms provide information and analytical tools that allow customers to identify, analyze and execute their trading strategies. GAIN also offers retail customers located outside the United States access to other global markets on an OTC basis, including the spot gold and silver markets, as well as equity indices and commodities. Its forex trading activities are regulated in the US by the Commodity Futures Trading Commission and the National Futures Association, in the UK by the Financial Services Authority, in Japan by the Financial Services Agency, in Hong Kong by the Securities and Futures Commission and in Australia by the Australian Securities and Investments Commission. GAIN Capital Holdings, Inc is based in Bedminster, New Jersey. “

Several other equities analysts have also weighed in on the company. Keefe, Bruyette & Woods restated a hold rating and issued a $7.50 price target on shares of GAIN Capital Holdings in a research note on Monday, April 10th. Jefferies Group LLC restated a buy rating and issued a $10.00 price target on shares of GAIN Capital Holdings in a research note on Wednesday, April 12th. Finally, TheStreet lowered GAIN Capital Holdings from a b- rating to a c rating in a research note on Thursday, May 4th.

GAIN Capital Holdings (NYSE GCAP) traded up 1.618% during trading on Tuesday, hitting $6.595. The stock had a trading volume of 23,875 shares. The company has a market cap of $314.45 million, a price-to-earnings ratio of 59.955 and a beta of 0.28. GAIN Capital Holdings has a 52-week low of $4.54 and a 52-week high of $8.75. The firm’s 50-day moving average price is $6.04 and its 200-day moving average price is $7.06.

GAIN Capital Holdings (NYSE:GCAP) last released its quarterly earnings data on Thursday, May 4th. The financial services provider reported ($0.39) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.23) by $0.16. The company had revenue of $59.60 million for the quarter, compared to analysts’ expectations of $63.29 million. GAIN Capital Holdings had a net margin of 2.25% and a return on equity of 3.27%. The business’s quarterly revenue was down 48.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.35 EPS. Analysts predict that GAIN Capital Holdings will post $0.21 EPS for the current fiscal year.

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GAIN Capital Holdings declared that its Board of Directors has authorized a stock buyback plan on Wednesday, May 17th that allows the company to repurchase $35.00 million in shares. This repurchase authorization allows the financial services provider to reacquire up to 12.7% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 20th. Investors of record on Tuesday, June 13th were paid a $0.06 dividend. The ex-dividend date was Friday, June 9th. This represents a $0.24 annualized dividend and a dividend yield of 3.70%. GAIN Capital Holdings’s dividend payout ratio is presently 218.20%.

In related news, insider Samantha Roady sold 4,933 shares of GAIN Capital Holdings stock in a transaction dated Monday, May 8th. The stock was sold at an average price of $6.02, for a total value of $29,696.66. Following the completion of the transaction, the insider now owns 269,055 shares in the company, valued at approximately $1,619,711.10. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Christopher Warren Calhoun sold 5,000 shares of GAIN Capital Holdings stock in a transaction dated Thursday, July 13th. The shares were sold at an average price of $6.58, for a total value of $32,900.00. Following the completion of the transaction, the director now owns 55,149 shares of the company’s stock, valued at approximately $362,880.42. The disclosure for this sale can be found here. In the last 90 days, insiders sold 62,634 shares of company stock valued at $375,722. 5.60% of the stock is owned by company insiders.

Several institutional investors have recently made changes to their positions in the stock. Kestrel Investment Management Corp acquired a new position in shares of GAIN Capital Holdings during the first quarter valued at $4,933,000. Acadian Asset Management LLC raised its stake in GAIN Capital Holdings by 24.6% in the first quarter. Acadian Asset Management LLC now owns 1,883,752 shares of the financial services provider’s stock valued at $15,693,000 after buying an additional 371,842 shares during the period. Signia Capital Management LLC raised its stake in GAIN Capital Holdings by 68.2% in the first quarter. Signia Capital Management LLC now owns 873,092 shares of the financial services provider’s stock valued at $7,272,000 after buying an additional 354,056 shares during the period. LSV Asset Management raised its stake in GAIN Capital Holdings by 103.7% in the first quarter. LSV Asset Management now owns 433,209 shares of the financial services provider’s stock valued at $3,608,000 after buying an additional 220,509 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in GAIN Capital Holdings by 10.6% in the first quarter. Dimensional Fund Advisors LP now owns 2,161,274 shares of the financial services provider’s stock valued at $18,003,000 after buying an additional 206,327 shares during the period. Hedge funds and other institutional investors own 51.58% of the company’s stock.

GAIN Capital Holdings Company Profile

GAIN Capital Holdings, Inc (GAIN) is a provider of trading services and solutions, specializing in over-the-counter (OTC) and exchange-traded markets. The Company’s segments include Retail segment, Institutional segment and Futures segment. Through its retail segment, the Company provides its retail customers across the world with access to a range of global financial markets, including spot forex, precious metals, spread bets and contracts for difference (CFDs) on commodities, indices, individual equities and interest rate products, as well OTC options on forex.

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